Malls · Tennessee
CoolSprings Galleria
CoolSprings Galleria, a 5.35‑acre Franklin mall, sold to Greystar for a 361‑unit apartment‑with‑retail redevelopment slated for 2026. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from.
Site profile6 elements · what this retrofit is built with · tap a chip for the evidence
Sold since 2020
This site: 2026 Greystar research-deals · all sites with this30,000+ vehicles a day on an adjacent road
This site: 156,960 on 65 fhwa-hpms · all sites with thisCounty typical rent $2,000+
This site: $2,122/mo zillow · all sites with thisFast-growing county (8%+ 2018–23)
This site: 16% census-acs · all sites with thisInterstate or freeway within 600 m
This site: 65 fhwa-hpms · all sites with thisUnder 20 acres
This site: 5.35 acres research-deals · all sites with thisNow
| Status | Operatingpublic reporting |
|---|
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2026-06 | Sold | $11.0M closed | Greystar ← CBL Properties | apartmentbuildings.com 2026-06 |
Securitised debt and public filers
Filings (2001 to date) that name “CoolSprings Galleria” and “Franklin” (99 hits, first 99 sampled, 12 other filers such as tenants left out). Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2018-07-12 (a sample date, not the issuance date); candidate loan vintage 2018 from the trust name (weak match). Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| CMBS trust (weak) | Wells Fargo Commercial Mortgage Trust 2018-C45 | 4 | 2018-07-17 to 2018-07-17 | 8-K 4 |
| CMBS trust (weak) | Wells Fargo Commercial Mortgage Trust 2018-C48 | 2 | 2018-12-20 to 2018-12-20 | 8-K 2 |
| CMBS trust (weak) | Morgan Stanley Capital I Trust 2018-H3 | 2 | 2018-07-12 to 2018-08-08 | 8-K 2 |
| CMBS trust (weak) | Wells Fargo Commercial Mortgage Trust 2018-C46 | 2 | 2018-08-28 to 2018-08-28 | 8-K 2 |
| Public owner (weak) | CBL & ASSOCIATES PROPERTIES INC (CBL) | 34 | 2001-04-02 to 2024-02-29 | 10-K 17, 8-K 9, 10-Q 5, 10-K/A 3 |
| Public owner (weak) | CBL & ASSOCIATES LIMITED PARTNERSHIP | 5 | 2013-11-12 to 2021-08-10 | 8-K 2, 10-K 2, 10-Q 1 |
| Public owner (weak) | ASHFORD HOSPITALITY TRUST INC (AHT, AHT-PD, AHT-PF, AHT-PG, AHT-PH, AHT-PI) | 1 | 2005-06-22 to 2005-06-22 | 8-K 1 |
As reported by the owner
Property tables from the owner's annual report (Form 10-K, Item 2) on EDGAR, one row per filing year. GLA, occupancy and anchors are the filer's own figures at that year end; “leased” counts signed leases, “occupied” counts open stores; ownership is the filer's share. Matched by name and place, unreviewed; the verbatim table row is in sec_facts.csv.
| Year end | Filer | Name in filing | GLA sq ft | Occupancy | Years | Share | Sales psf | Anchors listed |
|---|---|---|---|---|---|---|---|---|
| 2025 | CBL & Associates Properties 10-K, 2026-03-03 | CoolSprings Galleria Nashville, TN match: exact | 1,171,181 in-line 435,589 | 89.0% leased | built 1991 / renovated 2015 | 100.0% | $677 | Belk, Dillard's, H&M, JC Penney, King's Dining & Entertainment, Macy's, Primark |
| 2016 | CBL & Associates Properties 10-K, 2017-03-01 | CoolSprings Galleria Nashville, TN match: exact | 1,142,750 in-line 407,997 | 99.0% leased | built 1991 / renovated 2015 | 50.0% | $543 | Belk Men's & Kid's, Belk Women's & Home, Dillard's, H&M, JC Penney, King's Bowl, Macy's |
| 2009 | CBL & Associates Properties 10-K, 2010-02-22 | CoolSprings Galleria Nashville, TN match: exact | 1,118,319 in-line 363,683 | 97.0% leased | built 1991 / renovated 1994 | 100.0% | $391 | Belk, Dillard's, JC Penney, Macy's, Sears |
| 2006 | CBL & Associates Properties 10-K, 2007-03-01 | CoolSprings Galleria Nashville, TN match: exact | 1,117,624 in-line 362,988 | 99.0% leased | built 1991 / renovated 1994 | 100.0% | $438 | Dillard’s, JC Penney, Macy’s, Parisian, Sears |
As reported by the loan servicer
Loan-level data the CMBS trust files monthly on EDGAR (Form ABS-EE, Exhibit 102, Schedule AL), latest filing per trust. Balance is the scheduled balance at the period end; DSCR is on net cash flow from the most recent borrower financials; appraised value is the latest valuation reported, or the one at securitisation. Several trusts for one mall usually means one loan split into pari-passu notes, each trust reporting its piece. Matched on the property name and state in the exhibit, unreviewed.
| Trust | Period end | Balance | Maturity | DSCR | Appraised | Occupied | Status |
|---|---|---|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C45 ABS-EE 2026-09-29 · filing match: exact | 2026-09-11 | $17.0M of $20.0M 2018-04-30 | 2028-05-11 | 1.85x NOI $4.8M | $322.0M 2018-03-23, at securitisation | 93.0% | current, modified Trimont LLC |
- COOLSPRINGS GALLERIA (Wells Fargo Commercial Mortgage Trust 2018-C45): built 1991; renovated 2017; 640,176 sq ft NRA; tenants Belk, Primark, H&M Clothing Stores; originator Wells Fargo Bank, National Association
Site context
| Housing permits, Williamson County (TN), 2024 | 637 units in 5+ unit buildings, 0 in 2–4, 1,357 single-family; 2023: 54 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 0 within 10 km, 6 within 25 kmcomputed |
| Retail trade in the county, 2012 to 2023 | 867 establishments (+14%); 15,455 jobs (+22%)Census CBP |
| Housing market in the county | typical home value $916,175 (+3% 1 yr, +30% 5 yr); typical rent $2,122/mo (+1% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 156,960 vehicles a day on 65 (Interstate, 8 lanes); 11,301 trucks; 18 counted segmentsFHWA HPMS |
Summary, model-written
CoolSprings Galleria opened as a traditional mall in Franklin, TN, and has remained operating. In 2026 it was sold to Greystar for conversion into a 361‑unit apartment complex with ground‑floor retail.
Why. The record does not specify anchor losses, competition, debt, or demolition; the visible cause is the sale to a developer pursuing housing redevelopment.
Where it stands. The site is currently operating under CBL Properties, pending the 2026 sale to Greystar.
For a planner
- Precedent of mall‑to‑apartment adaptive reuse.
- Policy tools: not stated in record (e.g., zoning changes, incentives).
- Open questions: exact timeline, financing structure, community impact, and required approvals.
For a developer
- Site size: 5.35 acres.
- Control: pending sale to Greystar (buyer) from CBL Properties (seller).
- Entitlement stage: planned use noted (361‑unit apartments + retail), suggesting approvals are in process.
- Constraints: flood, transit, and environmental data not provided in record.
- Market signals: opp_score 0.0 with reason 'already in play: under construction, approved, or sold to a developer with housing plans'.
What we do not know yet
- Opening date and original anchor tenant mix unknown.
- Current occupancy, lease terms, and financial performance not provided.
- Competitive landscape and any debt or encumbrances not stated.
- Flood zone, transit access, and environmental constraints absent from record.
- Exact zoning, entitlement status, and any required mitigation measures unknown.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Elsewhere on the web
Pages with photos
- Visit CoolSprings Galleria in Franklin, TN coolspringsgalleria.com
- COOLSPRINGS GALLERIA - All You SHOULD Know Before You Go 2026 (w/ Reviews) tripadvisor.co.uk
- CoolSprings Galleria - All You SHOULD Know Before Going 2026 (with Reviews) tripadvisor.com
- MallsCenters - US Shopping Malls & Stores mallscenters.com
- CoolSprings Galleria | Malls and Retail Wiki | Fandom malls.fandom.com
- Marcus, Montana, Travis Second Level of CoolSprings Galleria Franklin TN flickr.com
- COOLSPRINGS GALLERIA - 54 Photos & 74 Reviews - Shopping Centers - 18… yelp.com
- Mallmanac.com: CoolSprings Galleria, Franklin, TN mallmanac.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- county grew 16.4% 2018–23
- median rent $1,895
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Acres | 5.3public reporting |
|---|---|
| County | Williamson County |
| Census division | 6 · East South Central |
| Notes | Record created from a 2024+ transaction, listing or loan report; no retrofit recorded. |
Not yet recorded: GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
- Greystar Buys CoolSprings Mall Parcel, Planning 361 Rental Units · 2026-06
1 quoted sentence
Greystar bought a 5.35-acre portion of a CoolSprings Galleria parking lot from CBL Properties
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